WZR Charts, page-4690

WZR came up as a comp over on the MME forum so I thought this might be useful posted here too.

It is an exciting space and one that is ripe for disruption, I've done a bit of work on both businesses. They're both growing much faster than HMY (which isn't really in the same quality class).

Both have great growth rates, have recent access to warehouse funding which will enable them to continue to grow (and increase margins), both growing fairly similar rates for Q3 (HMY is flat Q to Q) that growth looks to be accelerating into FY22 with the originations volume picking up.

Attaching some graphs below. MME doesn't post quarterly 4Cs so can't graph cashflow / profitability other than to say WZR is loss making and MME profitable.

Are many here shareholders of both ? How do you rate them differently ?